Wazua
»
Investor
»
Stocks
»
CO-OP BANK HY2017
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
sparkly wrote:alotoftalk wrote:Angelica _ann wrote:Ericsson wrote:http://www.businessdailyafrica.com/markets/Coop-Bank-overtakes-Equity-loans-issued-/539552-4076382-151kjf4/index.html
Cooperative Bank of Kenya has overtaken Equity Bank to hold the second largest gross loan book in the banking sector as at the end of 2016, reflecting the latter’s shift to government securities following the rate cap.
The Central Bank of Kenya (CBK) 2016 banking supervision annual report shows that Co-op Bank had issued gross loans of Sh241.4 billion last year, ahead of Equity’s Sh221.03 billion. Could it be that as JM gets old, he is becoming more risk averse (from the risk taker of the yester years) and therefore the shift from Equity's aggressiveness to moderate moves we are witnessing of late? This maybe a strategy to create a new slate. My guess is they may have done their IFRS 9 expected credit loss projections on certain portfolios and impairments required may be huge due to historical loss trends. So the strategy is to shrink those portfolios and reduce required impairments in 2018 and then slowly rebuild a cleaner book with better loan underwriting. Break it down in English Bw. Auditor. Lol. The guy simply means that they messed up on the legacy lending
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:Angelica _ann wrote:Ericsson wrote:http://www.businessdailyafrica.com/markets/Coop-Bank-overtakes-Equity-loans-issued-/539552-4076382-151kjf4/index.html
Cooperative Bank of Kenya has overtaken Equity Bank to hold the second largest gross loan book in the banking sector as at the end of 2016, reflecting the latter’s shift to government securities following the rate cap.
The Central Bank of Kenya (CBK) 2016 banking supervision annual report shows that Co-op Bank had issued gross loans of Sh241.4 billion last year, ahead of Equity’s Sh221.03 billion. Could it be that as JM gets old, he is becoming more risk averse (from the risk taker of the yester years) and therefore the shift from Equity's aggressiveness to moderate moves we are witnessing of late? I don't think he is being less aggressive as much as "prudent" i.e. why not earn easy (default-free) returns from GoK instead of the drama of lending? If and when the spreads are sufficiently widened, then Equity can jump back in through its mobile platforms. Waiting will ensure that the ship has sailed.. It won't be easy to bring back the disgruntled leavers Ease of access [Equitel and Eazzy] will bring them back in droves. Access rather than pricing is key. Equity wants a higher price [rate] while many customers want easy access. Think Safaricom which has the priciest calls, data and mobile money charges YET... Though I will admit that Equity doesn't seem to engender the same loyalty as it did once with competition from KCB and Coop. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
Correct price levels now achieved https://live.mystocks.co.ke/m/stock=COOP
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
High resistance at 16.Counter now on upward trend again Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
|
Ericsson wrote:High resistance at 16.Counter now on upward trend again opportunity to bring down my abp is not foreseeable. Towards the goal of financial freedom
|
|
|
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
|
Ebenyo wrote:Ericsson wrote:High resistance at 16.Counter now on upward trend again opportunity to bring down my abp is not foreseeable. Just hold on, you may get at 14
|
|
|
Rank: Elder Joined: 8/16/2011 Posts: 2,260
|
I still feel Co-op has much more space to move up like its peers KCB and Equity that were from 20s to 40s
Coop should double its fortune /price to 25-35 soon
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
Realtreaty wrote:I still feel Co-op has much more space to move up like its peers KCB and Equity that were from 20s to 40s
Coop should double its fortune /price to 25-35 soon That's a long shot. With slightly above half the profit of simba and more issued shares, it's unlikely that COOP will hit the 40s anytime soon.. But it has rallied well post rate cap, considering the dividend as well as bonus
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
obiero wrote:Realtreaty wrote:I still feel Co-op has much more space to move up like its peers KCB and Equity that were from 20s to 40s
Coop should double its fortune /price to 25-35 soon That's a long shot. With slightly above half the profit of simba and more issued shares, it's unlikely that COOP will hit the 40s anytime soon.. But it has rallied well post rate cap, considering the dividend as well as bonus Coop has twice as many shares as simba and makes half the profits of simba. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 8/19/2015 Posts: 124
|
When COOP will be hitting 25-35, KCB n EQ will be in 60-70 and this is not happening tomorrow. You have to be patient!!!
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
|
Sir invest wrote:When COOP will be hitting 25-35, KCB n EQ will be in 60-70 and this is not happening tomorrow. You have to be patient!!! Kcb and Equity are aiming to be pan african banks.When the goal is achieved,thats when those prices will be attained. Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
Journey to 60-70 for KCB and equity will also happen if you hear interest rates cap law is repealed. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
Ericsson wrote:Journey to 60-70 for KCB and equity will also happen if you hear interest rates cap law is repealed. That's not gonna happen.. At best, expect a 1% revision to make CBR+5% and deposit rate minimum 60% of CBR
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
|
bartum wrote:Ebenyo wrote:Ericsson wrote:High resistance at 16.Counter now on upward trend again opportunity to bring down my abp is not foreseeable. Just hold on, you may get at 14 my abp is 14.30.Price below 14 will be good but i dont see it coming soon. Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
The bonus shares issue is what is depressing the price hence 25-35 will be quite hard for coop bank. Since listing they have done 3 bonus issues. Had they not done any bonus issue share price would be now at the ranges 27-29. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
Ericsson wrote:The bonus shares issue is what is depressing the price hence 25-35 will be quite hard for coop bank.
Since listing they have done 3 bonus issues.
Had they not done any bonus issue share price would be now at the ranges 27-29. People who have been inside and enjoyed the bonus are not complaining.. Johnny come latelies are the ones depressed about the current share price
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
 Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
|
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
We will miss you Mr Muchiri
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
I would not personally purchase at this moment but for those with risk appetite, I recommend COOP http://live.mystocks.co.ke/m/stock=COOP
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Wazua
»
Investor
»
Stocks
»
CO-OP BANK HY2017
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|